You guys have seen nothing yet. The launch of our stablecoin is around the corner and will blow $SYNC up beyond anyone's expectations. Brace yourself.

The failure of Syncus is equivalent to the failure of Bitcoin and crypto itself.

The Syncus Stablecoin The system is inspired by @LiquityProtocol. The core idea is simple: Use $SYNC tokens as collateral to mint our stablecoin. This reduces the circulating supply of SYNC, boosting its price due to increased demand and decreased supply. The introduction of our stablecoin serves multiple purposes. Importantly, it offers a way for SYNC holders to unlock the value of their tokens without selling them. By minting our stablecoin $syUSD, users can access the worth of their SYNC tokens. As the value of SYNC appreciates, so does the collateral value in their CDPs (Collateralised Debt Positions), enabling the minting of additional sUSD. How it works: Users lock SYNC in a smart contract to form a CDP. This lets them mint our stablecoin $syUSD pegged to SYNC’s market value. To safeguard against market volatility, more SYNC is locked than the $syUSD issued, ensuring each stablecoin is over-collateralised. Adjustments to the collateralisation ratio, based on thorough risk analysis, ensure stability. If a CDP's $SYNC value falls below a certain threshold, it gets liquidated to repay the stablecoin debt to ensure for a sustainable system. Utility and liquidity: We are setting up a @CurveFinance pool for 1:1 swaps with USDT/USDC/DAI pairing, providing instant liquidity and usability. This means our stablecoin can be easily exchanged, used for transactions, or as a stable trading pair, expanding its utility beyond our ecosystem.

IMPORTANT UPDATE: The distribution supply of Syncus is now fairer than ever. Big holders have mostly exited allowing for price action to continue going up. As we said in our recent blog, taxes will be adapted to market dynamics to ensure the Syncus token survives. When prices were high, we raised the taxes to absorb sell pressure. Now that prices are low and have hit bottom, these changes have gone live: - Sell tax has been reduced to 2.5% - Unstaking tax has been reduced to 20% - A big portion of ETH has been taken out of the Uniswap LP to allow for an easier increase in price. - $SYNC is now listed on many exchanges with plenty of liquidity. Let the game begin...

Our lending platform is now live on mainnet Ethereum! You can farm $SYNC with 25% APY by depositing: ETH - USDC - WBTC

The supply APY for the native asset fluctuates due to supply/demand mechanics but the 25% APY on $SYNC remains steady. Start borrowing/lending: bank.syncus.fi/markets/